Kiddie Tax Required?
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FourtyDeuce
Returning Member

Kiddie Tax Required?

Instructions for IRS Form 8615 (Kiddie Tax) state:

 

"Was a full-time student at least age 19 and under age 24 at
the end of 2020 and didn’t have earned income that was more than
half of the child's support."

 

Question: Would a 22 year old full-time college student (5+ months) in 2020 who graduated from college in early December 2020 be required to pay Kiddie Tax?  Technically no longer a full-time student on 12/31/2020. 

 

Also assume had $5,000 unearned income in 2020 and earned income was not more than half of their support.

 

Thank you.

 

2 Replies
macuser_22
Level 15

Kiddie Tax Required?


@FourtyDeuce wrote:

 

Question: Would a 22 year old full-time college student (5+ months) in 2020 who graduated from college in early December 2020 be required to pay Kiddie Tax?  Technically no longer a full-time student on 12/31/2020. 

 

 


Full time any part of any 5 months of 2020.  12/31 is immaterial.

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Ready2MoveOn
New Member

Kiddie Tax Required?

The 12/31 date is relevant to the age of the student only. 

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